Zhejiang Weiming Environment Protection Co Ltd (603568) Fair Value & Analysis
Industrials · CN · Market cap 32.3B CNY (≈ $4.8B) · ISIN CNE1000023N5
What is Zhejiang Weiming Environment Protection Co Ltd really worth?
A solid business, trading 31% below our fair value of ¥20.95.
Strengths
Risks
For context
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 6 days ago
Share price −6.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥12.85 to ¥26.61) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range ¥14.30 – ¥33.25 · fair‑value band ¥12.85 – ¥26.61 · the ¥14.43 price screens below the ¥20.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Zhejiang Weiming Environment Protection Co Ltd (603568) currently trades at ¥14.43, while our model-based Fair Value estimate is ¥20.95, implying the stock looks roughly 31.1% undervalued today. The Quality Score stands at 54/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ¥35.38 per share, and 14 of the 26 models we run sit above the ¥14.43 price. Bear case: the Asset-Based group reads lowest at ¥4.90, and 12 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Zhejiang Weiming Environment Protection Co Ltd generated revenue of 5.7B CNY at a net margin of 34.1%. Revenue declined 27.6% year over year. It earns a return on equity of 12.5%. Net debt stands at 3.4B CNY. Fundamentals as of Aug 29, 2026
Our scenario range runs from ¥12.85 (bear case) to ¥26.61 (bull case); at ¥14.43, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 51% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 45%, 603568 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3125 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (¥35.38) versus Asset-Based (¥4.90). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 30
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Zhejiang Weiming Environment Protection Co., Ltd., together with its subsidiaries, invests, manufactures, constructs, and operates environment protection equipment in China and internationally. It operates through five segments: Solid Waste Treatment, Kitchen Waste and Sewage Treatment, Hazardous Waste Treatment, Smart Sanitation, and Engineering Equipment.
Full company description
Zhejiang Weiming Environment Protection Co., Ltd., together with its subsidiaries, invests, manufactures, constructs, and operates environment protection equipment in China and internationally. It operates through five segments: Solid Waste Treatment, Kitchen Waste and Sewage Treatment, Hazardous Waste Treatment, Smart Sanitation, and Engineering Equipment. The company invests, constructs, and manages waste incineration and power generation projects, including waste incineration boiler, flue and gas cleaning facilities, automation control, sewage leachate treatment, and kitchen waste treatment; and sewage, kitchen waste, and sludge treatment projects, such as black and odorous water, anaerobic sludge digestion in sewage treatment plant, organic and inorganic waste water treatment, river sludge solidification, and resource utilization. It also engages in the construction and operation of fly ash and general industrial solid waste landfill projects; and planning, design, investment, construction, and operation of integrated rural-urban environment protection, kitchen waste collection and treatment, smart waste classification, rural-urban road cleaning, and rural household and urban solid waste collection and treatment. In addition, the company produces multicolumn reciprocating grates; flue gas treatment system comprising SNCR and SCR denitration, lime pulping, spray drying absorbing tower and selection, dry flue gas purification, activated carbon injection equipment, bag dedusting, and fly ash transportation systems; automatic control system, which includes ACCS grate and DCS control, flue gas and water treatment, and supervisory information systems, as well as low-voltage withdrawable switch cabinet, power-supply cabinet, and distribution box. Further, it is involved in trading; scientific research; technology and technical services; non-ferrous metals manufacturing; and real estate services. The company was founded in 1998 and is headquartered in Wenzhou, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zhejiang Weiming Environment Protection Co Ltd reported revenue of 6.2B CNY in FY2025 versus 4.3B CNY in FY2021, a compound +9.8%/yr. Reported net income was 2.2B CNY in FY2025, compounding +8.4%/yr from FY2021.
of which total revenue +28.3 % · buybacks/dilution −2.1 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Waste Management · 165 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Waste Management median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Waste Management stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Waste Management, Inc WM | $217.76 | $128.02 | −41% |
| Republic Services, Inc RSG | $220.92 | $120.63 | −45% |
| Waste Connections, Inc WCN | C$230.52 | C$78.67 | −66% |
| Veolia Environnement SA VIE | €32.60 | €23.26 | −29% |
| Clean Harbors, Inc CLH | $311.81 | $154.01 | −51% |
| GFL Environmental Inc GFL | C$57.62 | C$44.27 | −23% |
| Fomento de Construcciones y Contratas, S.A FCC | €11.30 | €7.30 | −35% |
| GEM Co 002340 | ¥6.67 | ¥5.27 | −21% |
| Cleanaway Waste Management Limited CWY | A$2.60 | A$1.18 | −55% |
| Beijing GeoEnviron Engineering & Technology, Inc 603588 | ¥14.10 | ¥9.35 | −34% |
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